EDU Dividend Type Payments
Although EDU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on New Oriental Education & Technology Group, Inc. Sponsored ADR representi to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:05 AM ET):
| New Oriental Education & Technology Group, Inc. Sponsored ADR representi (EDU) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 59.27 | 59.37 | 59.32 | +1.32 | 317K | 252 | 9.2B |
EDU Dividend-Like Income Using Covered Calls
With EDU at 59.32, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 1.78 | 0.5 |
| 5% | 2.97 | 0.8 |
| 10% | 5.93 | 1.6 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
| 3% Yield On EDU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 60.00 | 4.10 | 60 | 6.8 | 0.63 (1.1%) | |
| Nov 21 | 60.00 | 3.20 | 32 | 10.0 | 0.63 (1.1%) | |
| 5% Yield On EDU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 60.00 | 4.10 | 60 | 6.8 | 0.63 (1.1%) | |
| Nov 21 | 60.00 | 3.20 | 32 | 10.0 | 0.63 (1.1%) | |
| 10% Yield On EDU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 60.00 | 4.10 | 60 | 6.8 | 0.63 (1.1%) | |
| Nov 21 | 60.00 | 3.20 | 32 | 10.0 | 0.63 (1.1%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KVUE dividend | 6. | HYG dividend | 1. | INBX dividend | |
| 2. | IBIT dividend | 7. | TLT dividend | 2. | CIFR dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | ARCT dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | ISRG dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | USAR dividend | |
Want more examples? EDOW Dividend | EDV Dividend
